ISR Capital still mired in losses in 1Q; to hold EGM for waiver approval in due time

SINGAPORE (May 16): ISR Capital reported 1Q net loss widened to S$0.39 million from S$0.37 million a year ago.

This was due to the consolidation of financial statements of newly acquired Tantalum Holding (Mauritius) (THM) and its wholly owned subsidiary Tantalum Rare Earth Malagasy SARLU (TREM) into the group’s 1Q financial statements which increased its other expenses by 87.1% to S$379.3 million.

No revenue was also recorded for 1Q19 compared to revenue of S$0.17 million in 1Q18 which was related to interest income earned on debt securities... (Click here to read the full story)